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Reaves Utility Income Fund
UTG

73 hedge funds and large institutions have $84.8M invested in Reaves Utility Income Fund in 2016 Q4 according to their latest regulatory filings, with 11 funds opening new positions, 20 increasing their positions, 17 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

83% more first-time investments, than exits

New positions opened: 11 | Existing positions closed: 6

18% more repeat investments, than reductions

Existing positions increased: 20 | Existing positions reduced: 17

6% more funds holding

Funds holding: 69 → 73 (+4)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

0.85% less ownership

Funds ownership: 8.89% → 8.04% (-0.85%)

9% less capital invested

Capital invested by funds: $93.1M → $84.8M (-$8.29M)

Holders
73
Holders Change
+4
Holders Change %
+5.8%
% of All Funds
1.82%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
11
Increased
20
Reduced
17
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
Bank of America
Bank of America
North Carolina
+$1.44M
2
Morgan Stanley
Morgan Stanley
New York
+$904K
3
Cambridge Investment Research Advisors
Cambridge Investment Research Advisors
Iowa
+$309K
4
DC
Davenport & Co
Virginia
+$302K
5
AAM
Advisors Asset Management
Colorado
+$293K

Top Sellers

1
Citigroup
Citigroup
New York
-$3.68M
2
JHIU
Janus Henderson Investors US
Colorado
-$3.05M
3
CRC
Curi RMB Capital
Illinois
-$2.99M
4
DA
Doliver Advisors
Texas
-$1.15M
5
YCM
Yakira Capital Management
Connecticut
-$973K
Name Holding Trade Value Shares
Change 		Change in
Stake
TIA
26
Tiemann Investment Advisors
California
$568K +$654 +22 +0.1%
SG
27
StoneX Group
New York
$564K -$24.4K -822 -4%
Invesco
28
Invesco
Georgia
$441K +$123K +4,139 +41%
LCM
29
Lucas Capital Management
New Jersey
$417K – – –
AG
30
Advisor Group
Arizona
$397K -$37K -1,243 -9%
FHA
31
Flagship Harbor Advisors
Massachusetts
$397K +$366K +12,299 New
CCM
32
Catawba Capital Management
Virginia
$376K -$11.9K -400 -3%
Baird Financial Group
33
Baird Financial Group
Wisconsin
$328K +$5.95K +200 +2%
PAG
34
Private Advisor Group
New Jersey
$327K +$68.8K +2,312 +29%
DC
35
Davenport & Co
Virginia
$312K +$302K +10,166 New
AAM
36
Advisors Asset Management
Colorado
$302K +$293K +9,839 New
JMPWA
37
JP Morgan Private Wealth Advisors
California
$241K – – –
SPC
38
Sigma Planning Corp
Michigan
$233K +$13K +436 +6%
SWP
39
Stratos Wealth Partners
Ohio
$228K +$221K +7,423 New
NRS
40
Neville Rodie & Shaw
New York
$227K +$220K +7,400 New
NPC
41
National Planning Corporation
California
$214K +$194K +6,510 New
HCM
42
Hodges Capital Management
Texas
$206K – – –
Citigroup
43
Citigroup
New York
$190K -$3.68M -123,700 -95%
MFS
44
MSI Financial Services
Massachusetts
$190K -$37.2K -1,251 -17%
BFEC
45
Benjamin F. Edwards & Company
Missouri
$183K +$139K +4,659 +358%
PNC Financial Services Group
46
PNC Financial Services Group
Pennsylvania
$168K +$17.8K +600 +12%
PCP
47
Proficio Capital Partners
Massachusetts
$156K – – –
MMG
48
Monetary Management Group
Missouri
$123K – – –
WA
49
WFG Advisors
Texas
$99K – – –
LWCFA
50
Loring Wolcott & Coolidge Fiduciary Advisors
Massachusetts
$77K – – –
1
2
3 4

UTG Hedge Fund Activity: Q4 2016 in Review

73 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in Reaves Utility Income Fund (UTG) for Q4 2016, worth a combined $84.8M — down 8.9% from $93.1M a quarter earlier.

Buyers outnumbered sellers: 11 funds opened new UTG positions and 6 closed out — a net gain of 5 holders — while 20 added to existing stakes and 17 trimmed.

The largest buyer was Bank of America, adding an estimated $1.44M. The largest seller was Citigroup, cutting an estimated $3.68M.

  • 73 institutional investors held Reaves Utility Income Fund (UTG) as of Q4 2016, up from 69 in Q3 2016.
  • Funds reported $84.8M of Reaves Utility Income Fund stock for Q4 2016, down 8.9% quarter-over-quarter.
  • 11 funds opened new Reaves Utility Income Fund positions in Q4 2016 and 6 closed out, a net change of +5 holders.
  • The largest Reaves Utility Income Fund buyer in Q4 2016 was Bank of America, an estimated $1.44M added.
  • The largest Reaves Utility Income Fund seller in Q4 2016 was Citigroup, an estimated $3.68M sold.

Based on aggregated 13F filings for Q4 2016.